15 April 2012

No, the vehicle does not need to be used for business purposes to save tax under a Novated Lease arrangement. In fact, generally Novated Leases are better suited for vehicles with mainly private usage.

Recent changes to FBT legislation now means vehicles travelling low kilometres per annum can achieve savings through a Novated Lease.  To find out how much you can save refer to the sgfleet Novated Lease Calculator.